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Core & Main (Core & Main) Retained Earnings : $284 Mil (As of Apr. 2024)


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What is Core & Main Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Core & Main's retained earnings for the quarter that ended in Apr. 2024 was $284 Mil.

Core & Main's quarterly retained earnings declined from Oct. 2023 ($491 Mil) to Jan. 2024 ($189 Mil) but then increased from Jan. 2024 ($189 Mil) to Apr. 2024 ($284 Mil).

Core & Main's annual retained earnings increased from Jan. 2022 ($92 Mil) to Jan. 2023 ($458 Mil) but then declined from Jan. 2023 ($458 Mil) to Jan. 2024 ($189 Mil).


Core & Main Retained Earnings Historical Data

The historical data trend for Core & Main's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Core & Main Retained Earnings Chart

Core & Main Annual Data
Trend Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Retained Earnings
Get a 7-Day Free Trial - - 92.00 458.00 189.00

Core & Main Quarterly Data
Jan19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 403.00 447.00 491.00 189.00 284.00

Core & Main Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Core & Main  (NYSE:CNM) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Core & Main (Core & Main) Business Description

Traded in Other Exchanges
N/A
Address
1830 Craig Park Court, Saint Louis, MO, USA, 63146
Core & Main Inc is a distributor of water, sewer, storm drain, and fire protection products in the United States. It combines local expertise with a national supply chain to provide contractors and municipalities solutions for new construction and aging infrastructure.
Executives
John R Schaller officer: President, Waterworks C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
Orvin T Kimbrough director C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
Stephen O Leclair director, officer: Chief Executive Officer 3100 CUMBERLAND BLVD, SUITE 1700, ATLANTA GA 30339
Laura K Schneider officer: Chief Human Resources Officer C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
Jeffrey D Giles officer: VP, Corporate Department C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
Cd&r Fund X Waterworks B1, L.p. 10 percent owner C/O CLAYTON, DUBILIER & RICE, LLC, 375 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10152
John Weldon Stephens officer: VP, Corp. Controller C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
Mark R Witkowski officer: Chief Financial Officer C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
Bradford A Cowles officer: President, Fire Protection C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
James G Castellano director C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
Mark G Whittenburg officer: General Counsel and Secretary C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
Robert M Buck director 260 JIMMY ANN DRIVE, DAYTONA BEACH FL 32114
Bhavani Amirthalingam director 1901 CHOUTEAU AVENUE, P.O. BOX 66149, ST. LOUIS MO 63166-6149
Margaret Newman director KEURIG DR PEPPER INC., 53 SOUTH AVE., BURLINGTON MA 01803
Kathleen M Mazzarella director C/O GRAYBAR ELECTRIC CO., INC, 34 N. MERAMEC AVENUE, CLAYTON MO 63105